New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Direction: A small business, Trendy Boutique , specializes in three types of clothing items: Designer Dresses , Casual Wear , and Formal Suits . Over the past six months, the boutique has recorded sales data as follows: Designer Dresses: Cost Price (CP): ₹1,500, Selling Price (SP): ₹2,200 Casual Wear: Cost Price (CP): ₹800, Selling Price (SP): ₹1,200 Formal Suits: Cost Price (CP): ₹2,500, Selling Price (SP): ₹3,500 The total units sold over six months for each clothing item are as follows: Designer Dresses: 300 units Casual Wear: 600 units Formal Suits: 200 units During this period, the boutique encountered some fluctuations in sales due to seasonal demand, which affected the profit margins for each product category.

    Considering the overall sales data, if the boutique

    implements a loyalty program that increases sales by 25% for each product in the next quarter, What will be the new total revenue generated from all products at their current selling prices?
    A ₹2,170,000 Correct Answer Incorrect Answer
    B ₹2,600,000 Correct Answer Incorrect Answer
    C ₹2,200,000 Correct Answer Incorrect Answer
    D ₹2,150,000 Correct Answer Incorrect Answer
    E ₹2,550,000 Correct Answer Incorrect Answer

    Solution

    New Units Sold: Designer Dresses = 300 + (25% of 300) = 375 Casual Wear = 600 + (25% of 600) = 750 Formal Suits = 200 + (25% of 200) = 250 New Total Revenue: Designer Dresses = 375 × 2,200 = ₹825,000 Casual Wear = 750 × 1,200 = ₹900,000 Formal Suits = 250 × 3,500 = ₹875,000 Total Revenue = 825,000 + 900,000 + 875,000 = ₹2,600,000

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